CZ's New Pitch to Governments: Tokenize the Stocks, Print the Stablecoins 🪙

Binance founder Changpeng Zhao is urging governments to tokenize national stock markets and issue state-backed stablecoins, framing sovereign blockchain adoption as the next phase of crypto following meetings with Asian leaders and regulators. He shared the two-part recommendation in posts on X dated June 17, 2026, after describing the talks as making "good progress" without naming the countries involved. "Was busy meeting a few country leaders and regulators in Asia to advance crypto. Making good progress…" CZ wrote.

The first element of the pitch centers on real world assets, or RWA. Tokenized equities turn company shares into blockchain-based tokens that can trade around the clock, with supporters citing fractional ownership, faster settlement and access for buyers outside traditional brokerages. No country has yet tokenized its full stock exchange. According to RWA.xyz data, tokenized real world assets on public blockchains topped $32 billion by mid-2026, up from about $6 billion a year earlier, while Boston Consulting Group projects tokenization could reach $16 trillion by 2030. Several exchanges already list tokenized stocks and ETFs tied to major U.S. companies.

The second element calls for national stablecoins. "Countries need to tokenize their stocks, allowing worldwide buyers. (RWA) Countries need to issue their own stablecoin(s), to expand their currency's usage on the blockchain," CZ posted. Dollar-pegged tokens make up close to 99% of the roughly $315 billion stablecoin market, led by Tether ($USDT) and USD Coin ($USDC), according to DefiLlama figures.

The proposal builds on CZ's existing advisory work. He serves as a strategic adviser to the Pakistan Crypto Council and is advising Kyrgyzstan on crypto as it develops a gold-backed stablecoin. Binance also secured approval to build a crypto marketplace in Kazakhstan. Binance co-CEO Richard Teng said 36% of emerging-market users on the platform now keep at least half their money in stablecoins, noting that "stablecoins are changing everyday life in many countries."